How much BTC resides in crypto exchanges?
Could you elaborate on the current state of Bitcoin (BTC) holdings within cryptocurrency exchanges? It's a topic of significant interest in the financial and crypto communities, as it provides insights into market liquidity, investor sentiment, and potential risks. Understanding the amount of BTC residing in these platforms is crucial for investors, traders, and analysts alike. Could you provide an estimate of the total BTC holdings, perhaps highlighting any notable trends or changes in recent months? Additionally, would you discuss the implications of these holdings on the overall crypto market?